New report accuses City firm of corrupt practices across Africa

Kenya’s Nema blames Homa Bay County for illegal mining activities

Financial regulators in the UK are failing to stop corrupt practices in deals between a leading Wall Street hedge fund and top officials in Zimbabwe and the Democratic Republic of Congo (DRC), claims a report by an international organisation that fights corporate misconduct.

In September 2016, the US Department of Justice (DoJ) charged one of the world’s largest hedge funds, Och-Ziff Capital Management Group (Och-Ziff), which has $40bn in assets under management “with conspiracy to violate the anti-bribery provisions of the (US) Foreign Corrupt Practices Act (FCPA)”, regarding transactions in the DRC and Zimbabwe.



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